Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Raytheon to Acquire Websense for $1.9 Billion to Form New Company

After weeks of rumors that it was in talks to acquire Websense, defense contractor Raytheon officially said on Monday that it has entered into a agreement with Vista Equity Partners to form a new company combining Websense, a Vista portfolio company, with Raytheon Cyber Products.

After weeks of rumors that it was in talks to acquire Websense, defense contractor Raytheon officially said on Monday that it has entered into a agreement with Vista Equity Partners to form a new company combining Websense, a Vista portfolio company, with Raytheon Cyber Products.

Under the terms of the deal, Raytheon will contribute $1.9 billion (net of cash acquired) to acquire Websense, of which $600 million will be in the form of an intercompany loan to the yet to be named joint venture.

Raytheon will also contribute the assets of Raytheon Cyber Products and related intellectual property, which is valued at $400 million, the company said.

Formerly a publicly traded company, Websense was taken private in May 2013 by Vista for over $900 million. 

According to Raytheon, the new company will leverage Raytheon’s cybersecurity technologies and Websense’s TRITON security platform.

Websense currently has more than 21,000 customers, and over 2,200 channel partners.

“We believe the combination of Raytheon Cyber Products and Websense creates a strong foundation for growth in the cybersecurity market, especially in light of the combined technical, product and multi-channel strengths each brings to the table,” said Brian Sheth, Co-founder and President of Vista Equity Partners. “We are excited to invest in this new venture as we clearly see its ability to accelerate growth and create value for all parties.”

In November 2014, Raytheon acquired Blackbird Technologies, a provider communications and cybersecurity solutions to the Intelligence Community (IC), Special Operations Command (SOCOM) and intelligence organizations supporting the Department of Defense, for roughly $420 million. 

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Cybersecurity Funding

Forward Networks, a company that provides network security and reliability solutions, has raised $50 million from several investors.